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HSBC chokes on stake in Jamie’s Italian

HSBC could be forced to write off £17m as the troubled restaurant chain Jamie’s Italian tries to find a buyer.

Celebrity chef Jamie Oliver is selling a majority stake in the chain, which went through a restructuring last year to shut about a third of its sites and slash its rent bill.

The chef pumped £13m of his own money into the rescue deal.

Click here for the full Times article (£)

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